Page 47 - FIsh Bowl Xuande Period, April 2017 Sotheby's

GLOSSARY FOR CHINESE WORKS Provenance In certain circumstances,
OF ART Sotheby’s may print in the catalogue the
history of ownership of a work of art if such
The following are examples of the information contributes to scholarship
terminology used in this catalogue. Please or is otherwise well known and assists in
note that all statements are made subject distinguishing the work of art. However, the
to the provisions of the Conditions of identity of the seller or previous owners may
Business and Authenticity Guarantee. not be disclosed for a variety of reasons. For
example, such information may be excluded
1. When a piece is in our opinion of a certain to accommodate a seller’s request for
period, reign or dynasty, this attribution con dentiality or because the identity of prior
appears in bold type, directly below the owners is unknown given the age of the work
heading of the catalogue entry for every lot of art.
e.g. A blue and white dish in our Buyer’s Premium A buyer’s premium will be
opinion of the Jiajing period of the added to the hammer price and is payable by
Ming dynasty is catalogued as: the buyer as part of the total purchase price.
A Blue and White Dish, Ming Dynasty, The buyer’s premium is 25% of the hammer
Jiajing period price up to and including HK$2,000,000, 20%
of any amount in excess of HK$2,000,000 up
2. No rm attribution to a period is intended to and including HK$22,500,000, and 12.5%
by any work in a description not con rmed by of any amount in excess of HK$22,500,000.
an attribution in bold type after the heading of
the lot. 1. BEFORE THE AUCTION
3. Where attribution is given in the heading Catalogue Subscriptions If you would like
for a lot and there is more than one piece to take out a catalogue subscription, please
in the lot, all the pieces in the lot belong ring (852) 2822 8142.
in our opinion to the period in bold unless
speci cally stated to be otherwise. Deposit If you wish to bid on ( ) lots in the
printed catalogue and ( ) lots in the
4. Where no attribution is given to a piece, it eCatalogue, you may be requested by
is of doubtful period in our opinion or of 19th Sotheby’s to deliver to Sotheby’s a deposit of
or 20th century date. HK$5,000,000 or such other higher amount
as may be determined by Sotheby’s (for any
5. With respect to Asian hardwoods, the items of Chinese Works of Art, Fine Chinese
terms ‘Huanghuali’, ‘Huali’‘Hongmu’‘Zitan’ Paintings, Fine Classical Chinese Paintings,
and others appearing within single quotes Magni cent Jewels & Jadeite and Modern &
in bold or capital letters in the heading Contemporary Asian Art – Evening Sale) and
are descriptive identi cations based on of HK$2,000,000 or such higher amount as
appearance, and are not intended to denote a may be determined by Sotheby’s (for any
speci c scienti c species. items in other categories), and any nancial
references, guarantees and/or such other
IMPORTANT NOTICE security as Sotheby’s may require in its
absolute discretion as security for the bid.
Please note that all lots are sold subject For any lots other than Premium Lots,
to our Conditions of Business for Buyers regardless of the low pre-sale estimate
and Authenticity Guarantee, which are for the lot, Sotheby’s reserves the right
set forth at the back of this catalogue and to request from prospective bidders to
Conditions of Business for Sellers, which complete the pre-registration application
are available from Sotheby’s offices on form and to deliver to Sotheby’s a deposit
request. Prospective bidders should review of HK$1,000,000 or such higher amount as
the Conditions of Business, Authenticity may be determined by Sotheby’s (for any
Guarantee and the Guide for Prospective items of Chinese Works of Art, Fine Chinese
Buyers. Nevertheless, prospective buyers Paintings, Fine Classical Chinese Paintings,
are reminded that all lots are sold as shown Magni cent Jewels & Jadeite and Modern
and their attention is drawn to Condition & Contemporary Asian Art – Evening Sale)
3 of Conditions of Business for Buyers and of HK$500,000 or such other higher
printed in this catalogue. amount as maybe determined by Sotheby’s
(for any items in other categories) and any
Ivory Some items in this sale contain ivory nancial references, guarantees and/or such
which may be subject to export and import other security as Sotheby’s may require in its
restrictions. In addition, African elephant ivory absolute discretion as security for the bid.
cannot be imported into the United States.
Please refer to the Endangered Species Pre-sale Estimates Pre-sale estimates are
section in the Buying at Auction guide printed intended as a guide for prospective buyers.
in the catalogue. Your attention is also drawn Any bid between the high and low pre-sale
to Condition 10 of the Conditions of Business estimates would, in our opinion, o er a chance
for Buyers. of success. However, all lots can realise prices
above or below the pre-sale estimates.
GUIDE FOR PROSPECTIVE It is advisable to consult us nearer the
BUYERS time of sale as estimates can be subject
to revision. The estimates printed in the
Buying at Auction The following pages auction catalogue do not include the buyer’s
are designed to give you useful information premium.
on how to buy at auction. Sotheby’s sta as
listed at the front of this catalogue will be Symbol Key The following key explains the
happy to assist you. However, it is important symbols you may see inside this catalogue.
that you read the following information
carefully and note that Sotheby’s acts for Premium Lots
the seller; you should refer in particular to In order to bid on “Premium Lots” ( in print
Conditions 3 and 4 of the Conditions of catalogue, in eCatalogue), Sotheby’s may
Business for Buyers printed in this catalogue. request from prospective bidders to complete
Prospective bidders should also consult the pre-registration application form and to
www.sothebys.com for the most up to date deliver to Sotheby’s a deposit of
cataloguing of the property in this catalogue. HK$5,000,000 or such other higher amount
as may be determined by Sotheby’s (for any
items of Chinese Works of Art, Fine Chinese
Paintings, Fine Classical Chinese Paintings,
Magni cent Jewels & Jadeite and Modern &
Contemporary Asian Art – Evening Sale) and
of HK$2,000,000 or such other higher amount
as may be determined by Sotheby’s (for any
items in other categories), and any nancial
references, guarantees and/or such other
security as Sotheby’s may require in its
absolute discretion as security for the bid. If all of the low estimate and will not exceed the
lots in the catalogue are “Premium Lots”, a
Special Notice will be included to this e ect
and this symbol will not be used.
○ Guaranteed Property
The seller of lots with this symbol has
been guaranteed a minimum price from
one auction or a series of auctions. This
guarantee may be provided by Sotheby’s, by
a third party or jointly by Sotheby’s and a third
party. A guarantee may be in the form of an
irrevocable bid provided
by a third party. Third parties providing or
participating in a guarantee may bene t
nancially if a guaranteed lot is sold
successfully and may incur a loss if the sale
is not successful. If every lot in a catalogue
is guaranteed, the Important Notices in the
sale catalogue will so state and this symbol
will not be used for each lot. If a third party
providing or participating in a guarantee is
the successful bidder for the guaranteed lot,
they will be required to pay the full Buyer’s
Premium.
△ Property in which Sotheby’s has an
Ownership Interest
Lots with this symbol indicate that Sotheby’s
owns the lot in whole or in part or has an
economic interest in the lot equivalent to an
ownership interest. If all lots in the catalogue
are lots in which Sotheby’s has an ownership
interest, a Special Notice will be included to
this e ect and the triangle symbol will not be
used.
⋑ Irrevocable Bids
Lots with this symbol indicate that a party
has provided Sotheby’s with an irrevocable
bid on the lot that will be executed during
the sale at a value that ensures that the lot
will sell. The irrevocable bidder, who may
bid in excess of the irrevocable bid, will be
compensated based on the nal hammer
price in the event he or she is not the
successful bidder. If the irrevocable bidder
is the successful bidder, he or she will be
required to pay the full Buyer’s Premium
and will not be otherwise compensated. If
the irrevocable bid is not secured until after
the printing of the auction catalogue, a pre-
lot announcement will be made indicating
that there is an irrevocable bid on the lot. If
the irrevocable bidder is advising anyone
with respect to the lot, Sotheby’s requires
the irrevocable bidder to disclose his or her
nancial interest in the lot. If an agent is
advising you or bidding on your behalf with
respect to a lot identi ed as being subject to
an irrevocable bid, you should request that
the agent disclose whether or not he or she
has a nancial interest in the lot.
⊻ Interested Parties
Lots with this symbol indicate that parties
with a direct or indirect interest in the lot
may be bidding on the lot, including (i) the
bene ciary of an estate selling the lot, or
(ii) the joint owner of a lot. If the interested
party is the successful bidder, they will be
required to pay the full Buyer’s Premium. In
certain instances, interested parties may have
knowledge of the reserve. In the event the
interested party’s possible participation in the
sale is not known until after the printing of the
auction catalogue, a pre-lot announcement
will be made indicating that interested parties
may be bidding on the lot.
No Reserve
Unless indicated by a box ( ), all lots in this
catalogue are o ered subject to a reserve.
A reserve is the con dential hammer price
established between Sotheby’s and the
seller and below which a lot will not be sold.
The reserve is generally set at a percentage
low estimate for the lot. If any lots in the
catalogue are o ered without a reserve, these
lots are indicated by a box ( ). If all lots in
the catalogue are o ered without a reserve,
a Special Notice will be included to this e ect
and the box symbol will not be used.
Ⴚ Restricted Materials
Lots with this symbol have been identi ed at
the time of cataloguing as containing organic
material which may be subject to restrictions
regarding import or export. The information
is made available for the convenience of
Buyers and the absence of the Symbol is
not a warranty that there are no restrictions
regarding import or export of the Lot; Bidders
should refer to Condition 10 of the Conditions
of Business for Buyers. Please also refer to
the section on Endangered Species in the
information on Buying at Auction.
Condition of Lots Prospective buyers are
encouraged to inspect the property at the
pre-sale exhibitions. Solely as a convenience,
Sotheby’s may provide condition reports.
The absence of reference to the condition
of a lot in the catalogue description does
not imply that the lot is free from faults or
imperfections. Please refer to Condition 3 of
the Conditions of Business for Buyers printed
in this catalogue.
Electrical and Mechanical Goods All
electrical and mechanical goods are sold on
the basis of their decorative value only and
should not be assumed to be operative. It is
essential that prior to any intended use, the
electrical system is checked and approved by
a quali ed electrician.
2. BIDDING IN THE SALE
Bidding at Auction Bids may be executed
in person by paddle during the auction, in
writing prior to the sale by telephone or by
BIDnow.
Auction speeds vary, but average between 50
and 120 lots per hour. The bidding steps are
generally in increments of approximately 10%
of the previous bid.
Please refer to Conditions 5 and 6 of the
Conditions of Business for Buyers printed in
this catalogue.
Bidding in Person To bid in person, you will
need to register for and collect a numbered
paddle before the auction begins. Proof
of identity will be required. If you have a
Sotheby’s Identi cation Card, it will facilitate
the registration process. If you wish to register
to bid on a Premium Lot, please see the
paragraph above.
Should you be the successful buyer of a lot,
please ensure that your paddle can be seen by
the auctioneer and that it is your number that
is called out. Should there be any doubts as to
price or buyer, please draw the auctioneer’s
attention to it immediately.
All lots sold will be invoiced to the name
and address in which the paddle has been
registered and cannot be transferred to other
names and addresses.
Please do not mislay your paddle; in the event
of loss, inform the Sales Clerk immediately. At
the end of the sale, please return your paddle
to the registration desk.
Absentee Bids If you cannot attend the
auction, we will be happy to execute written
bids on your behalf. A bidding form can be
FISHES IN THE IMPERIAL POND 45